In his second "Executive Decision" segment of Mad Money Monday night, our own Jim Cramer sat down with Dean Stoecker, chairman and CEO of Alteryx, Inc. (AYX) , the data analytics company with 55% revenue growth.
There's an explosion in analytics, Stoecker explained, with more than 30 million citizen data scientists beginning to analyze their own data in nearly every vertical, every use case and in every country around the globe. It's not just companies and organizations, Stoecker added, even sports teams are beginning to unlock the value of the data that can be collected from players, fans, the stadium itself and more.
Interested? Let's check out the charts and indicators.
In the daily bar chart of AYX, below, we can see that AYX has been in an uptrend the past 12 months. A simple ruler may not work well but AYX has been making higher lows and higher highs from May. Dips toward the rising 200-day moving average line have been buying opportunities. The 50-day moving average line has acted as support at times and prices closed right on it Monday.
Trading volume looks erratic but the daily On-Balance-Volume (OBV) line has been declining since it peaked in September. A declining OBV line says that sellers of AYX have been more aggressive with heavier volume being transacted on days when prices have closed lower.
The Moving Average Convergence Divergence (MACD) oscillator has been in a take profits mode since late January despite prices making new highs into late February.
In the weekly bar chart of AYX, below, we can see that the price of AYX has been in a strong uptrend the past two years with prices up from $15 to over $75. The rising 40-week moving average line has nicely defined the uptrend and dips towards the line have been buying opportunities.
The weekly OBV line has been rising from late 2017 and is pointed up which helps to confirm the impressive price gains. The weekly MACD oscillator has narrowed recently and could cross to the downside for a take profits sell signal. The oscillator is well above the zero line so an outright sell signal is not in the cards now.
In this Point and Figure chart of AYX, below, the software has counted the columns across and projected it downward for a $56 potential price target.
Bottom-line strategy: AYX had some trouble breaking above $65 in September, November and December so that area is likely to act as support on a decline. Even if AYX were to reach its Point and Figure target of $56 this would not break the 200-day moving average line. Despite these positive considerations I would still like to buy strength above $80.